This has become a VERY common theme the past 3-4 weeks...very nice condition older tractor up for sale, super strong bidding. Result is a very strong sale price.
Today (July 13, 2017) the scene was an eastern Saskatchewan farm auction by my friends at Ritchie Bros. Auctioneers (http://www.rbauction.com) where they sold this sharp 1992 Case IH 7140 tractor with 4,327 hours:
It sold for $82,000 CAD, which equates to $63,468 U.S. today. That makes this the 8th highest auction sale price I've seen on a Case IH 7140. Here's a look at the 10 highest auction prices ever on 7140's:
Top 10 Highest Auction Prices on Case IH 7140 Tractors
* Data by http://www.machinerypete.com
Here's a picture of the still record price Case IH 7140, a 1990 model with 3,270 hours sold for $76,500 on a 7/23/13 farm auction in Marshalltown, IA:
The 1992 model 7140 sold today on the Saskatchewan farm auction for $63,468 is approaching the 10th very nice condition older model (20-30 plus years old) I've seen sold very high at auctions all over North America the last 3-4 weeks. As Machinery Pete Twitter follower Daniel K. put it the other day...
"Old is the new new."
Bingo.
If some age on it and in very nice condition with reasonable to low hours, those tractors are currently RED HOT. Honestly I don't see this trend slowing down any time soon. Seems only to be picking up speed actually.
But of course the super nice condition ones are just a part of the story. Not all 20-30 plus year old tractors are mint. Not by a long shot. I've been seeing sliding auction sale prices on average to rough condition used tractors for a while now. Probably no change coming to that trend either.
Here's a big picture look at Case IH 7140 Tractor values over the past 10 years:
Avg. Auction Prices on Case IH 7140 Tractors
| Time Period | Avg. Auction Sale Price |
| This Year | $29,116 |
| Last Year | $24,160 |
| 2 Years Ago | $26,548 |
| 3 Years Ago | $42,467 |
| 4 Years Ago | $38,403 |
| 5 Years Ago | $29,500 |
| 10 Years Ago | $36,083 |
* Data by http://www.machinerypete.com
If you are looking for a good Case IH 7140 to buy, here's a link to (15) for sale today, click to view: https://www.machinerypete.com/tractors/175-hp/case-ih/7140
